DATE & TIME
26th OCTOBER 2022
Top CEOs
KSA AWARDS 2022
VENUE
To be Announced
OFFICIAL SPONSOR
TOP CEOs award
aims to celebrate the achievements of top business leaders in KSA, organized by Okaz press and publication, to work towards the positive development in the Kingdom of Saudi Arabia (2030 Vision).
Okaz NewsPress and Publishing
It is always keen on adopting constructive initiatives to devote its social responsibility and professional commitment to highlighting and honoring personalities, entrepreneurs and owners of distinctive creative initiatives. As it embarked on planning for a number of awards to be unique in its capacity as the first press institution in the Kingdom and the Arab world, it will honor a number of innovators in several fields to encourage Saudi competencies and capabilities from women and businessmen in the Kingdom of Saudi Arabia.
CANDIDATE SELECTION CRITERIA
the selection criteria will be as follows:
OVERCOMING THE CHALLENGES
ANY facilities have encountered noticeable challenges during the recent period, especially during the coronavirus pandemic period, which reflected negatively on the performance of the establishments, in light of a drop in sales, and imposition of total lockdown during the year 2020. The criteria for overcoming the challenges were concentrated on the following:
- The speed of transformation towards profitability
- Maintaining sales that support the growth of the facility
- Open new markets to overcome the challenges
- Adoption of a flexible and advanced mechanism in work to overcome the hurdles
LEGAL ASPECTS
HE legal aspects are among the most important criteria that gives an impression about the establishment’s quality of work. Strong establishments record limited or non-existent violation, in contrary weaker management record recurrent violation. This aspect is focused on the establishments, which carried out its work in line with the legal aspect:
- Percentage of violations recorded against the facility
- None or low percentage of complaints registered against the establishment.
- No defamation records of establishment from the Ministry of Commerce or the General Authority for Competition
- Decline in the number of lawsuits filed by the establishments
- Protecting the rights of its employees and shareholders assets.
PROFIT INCREASE
PROFIT and financial gain is the main goal for any organization. Financial performance and overall profitability vary from time to time and from sector to another. This aspect highlights the performance of the establishment compared to the performance of its sector previously:
- Profit growth through the years
- The extent of success in which the establishments run its business compared to its sector performance.
- The reflection of the firm’s performance on its investors.
- The company's annual dividend yield.
EXCUTION OF DECISIONS
THE government and related agencies announce many decisions pertaining to companies. Its impact is reflected on the interest of society, the consumer and individuals, and this axis highlights the most prominent things that the company has done in implementation of the decisions:
- The extent of the facility’s commitment to localization and the percentage of Saudi workers.
- The establishment’s commitment to comply with all decisions and regulations issued related to its sector.
- The speed in implementing the decisions which reflects its impact on consumers and workers.
DIGITAL TRANSFORMATION
RECENTLY many establishments have resorted to digital transformation to facilitate the businesses of individuals and consumers. This criterion highlights the extent to which it keeps pace with the digital transformation of services required by consumers, and the adoption of its employees:
- The speed of adapting digital transformation
- User friendly technology for various segments of society
- Continues digital development
MEMEBERS OF THE AWARD SUPERVISING COMMITTEE
